₦airaland Forum

grandstar:
The true value of the Naira sits between 1,300-1,400 based on present fundamentals. Anything stronger will harm the economy. It seems Tinubu is more perturbed about a loss of face over a dwindling Naira than accepting reality.

The nation needs to reinvent it. The dependence on crude oil sales for the bulk of the countryš forex is a scourge and needs to end.

The focus now should be an "export or perish" mantra. The desperate clinging to a strong Naira policy will adversely affect exports growth.

The government's goal should be to triple exports within 10 years, the majority being non-oil.

It can only achieve this by deregulating the price of petrol which will induce massive investment into the downstream sector of the economy which has for long suffered a dearth of investment due to the subsidizing of fuel.

Next, should be the deregulation of electricity prices. Let's Discos charge cost reflective tariffs, so huge investments will flood into power generation and distribution to ensure ample power supply for new factories and businesses popping up.

Next should be the lowering of companies tax to less than 20%. Low corporate taxes have positive transformative economic as they lead to a surge in investments, both foreign and local boosting economic growth to the heavens. It's what many Central European countries in the EU have long implemented and with superb results.

More reforms are needed but this should be a start.

People like you are the reason many children go to bed without food in Nigeria.
Deregulate
Privatize
Remove subsidy
Export
Etc.
Which one have they not done?
See how much CBN invested in rice production for export, what is the result?
Privatize NEPA, what is the result?
Remove subsidy for petrol, what is the result?

When are you going to wake up from this wickedness towards the poor masses?

Daystar7:
This sounds stupid and cunny.
Y'all criticized Emefiele for defending the Naira which made the poor breath excluding his principal Buhari from the criticism, today they went back to the same thing y'all criticized Emefiele for and it's letting the poor breath huh? Who una dey deceive? Price of rice is coming down so we should dance? How much was it before this demonic party took over? Didn't they criticize the price of a bag of rice at #8k? Evil doers all of you and y'all doom is near

Just go through what you wrote and listen to yourself.
You are happy seeing dollar going above #2000 because your principal came 3rd in a presidential election?
You wanted all Nigerians to suffer as a result?
Anything done to solve any problem in Nigeria, you will kick against it because Obi failed?

RealTrump:
Saudi also defined their currency but unlike you, their reserve is $1.5T. According to nairametrics, CBN is burned $2B in approximately 1 month, in how many weeks will we finish a paltry reserve of $32B?

Mind you, they have collected plenty debt against that reserve, they still collected $2B days ago.

Sadly for your type, Propaganda can't be used to bring down the dollar.

Your type prefer Nigerians who are poor to rather die instead of the foreign reserve to be depleted.
You need a psychiatrist evaluation of your wickedness.
To you, everything is politics.

Rice is becoming cheaper, that does not matter because the poor should
not breathe?
You think we care about who the president is or his political party and his policies?
The poor should breathe!
No matter how it is done, it does not matter

LagosFirstSon:
You're known for always supporting a failure . From buhari to Tinubu.

They wrote naira depreciated but you ha to derail the thread to hide tinubu incompetence.

Tinubu has been accused of using our foreign reserves to patch patch the naira to appreciate to dollars but still didn't work . Guy, why do you like supporting failures like your entire existence depends on supporting failures ?

.is it better to keep foreign reserve while poor people are dying of hunger and inflation?
Or the reserve should be used to alleviate the sufferings of the masses in the interim pending when the economy will pickup to save again?

What is the salary of a major general/GCFR that will make him to float a private university if not by corruption?
A man who should strengthen public Institutions as president in favour of the poor masses went on to establish a private university for the rich while neglecting the poor. The same Man want the rich to colonize fund meant for the poor as loan.
Very selfish and wicked. He wants more students in his university via government loan not minding the survival of public Institutions.

Can't we have a unit in the police who will be saddled with the responsibility of carrying out similar investigation in all Nigerian higher institutions?

Sex/money for grade bandits are on rampage in our higher institutions and government is doing nothing to address it.

Kelklein:
Every Nigerian who has held any position that involves handling of government's fund on behalf of the people of Nigeria, has misappropriated and stolen so much of those funds..

Why?! we have a system that permits that..

How?! the rotten system takes root from the so-called 1999 Constitution..

Politicians and ruling elites and very senior civil servants unpatriotically take advantage of the obvious lacuna in that Constitution to game the system at the detriment of the larger society..

If not, how can an entire state be owing over 100billion but one man made away with 80billion .. it is the system that permits that.. we need to do away with that system.. lamentations won't help anybody🤔🤔

Make the institutions super strong to counter those córrupt kleptos who steal the State money and use same money to fight back when called to account. You would marvel at the amount of money they give to Judges and Justices to secure Kangaroo order..

Change the 1999 Constitution today, strengthen the institution therein and Nigeria would change overnight..

But the people are not ready or rather have little knowledge of that discussion for now..

The major beneficiary of the constitution are the politicians.
They always strive to retire into the national assembly to protect the fraudulent constitution.
The first step to liberty is to scrap the national assembly then proscribe the constitution to pave way for sovereign national conference with strict exception of politicians and political parties to decide how we the people of Nigeria wishes to be governed.

Who can do/lead this in this our present Nigeria?

That is why Nigeria may not change overnight anytime soon

Always thinking of export.

Ordinary rice, they can't meet local demand at affordable price

Nff seemed not serious about the head coach of the eagles till date with world cup qualifiers about few weeks from now.

grandstar:
The price of petrol needs to be deregulated as done with diesel and kerosene so the subsidy be done away with once and for all.

This will free up an extra 500bn monthly. With 50% going to the states and local gocernments, that would be an extra 250bn for them. This is on average 7bn per state.
The 250bn going to the federal government will reduce its borrowing need.

For the likes of Yaya Bello to swallow and be hiding after tenure in office?

Morbeta11:
https://www.vanguardngr.com/2024/04/imf-why-we-asked-nigeria-to-remove-fuel-subsidy/

We can all see how the poor are all leaving in luxury now after subsidy removal.

Bunch of heartless animals

Splashme:
Propaganda govt.

A road of 700kms but they are busy sharing pics of less than 1km since October 2023 (seven months after)
.

It will be completed in 8, years
Just vote tinubu for 2nd term

Available9:
Please educate them

Let me add my voice

Granting someone bail at any amount simply means that the person who will stand as surety to the accused must be ready to pay that amount when the accused runs away before the conclusion of the case, meaning the surety is not even paying any money before the release of the accused...even cubana doesn't know the meaning of bail, hence he wouldn't have posted that "money na water "...no one paid any money...it is simply a condition should the accused runs away


I bet 99.9 % of nairalanders do not know this

Educate us on the other version of bail at the police station that is free but yet, you cough out money before leaving the station

This agitators did not go to any Yoruba speaking states in Nigeria except Oyo State and Ibadan in particular where the governor is busy demolishing the houses of the poor and grabbing their lands wickedly under the guise of setback of 500m for a 37m wide circular road wlth an alleged intension of selling to the rich.

My conclusion is simple:
Evil attracts evil

Islie:
Ministries, agencies budget N9bn for welfare packages

Budget Office alone earmarks N920bn for miscellaneous




https://leadership.ng/2024-budget-exposes-misuse-of-funds-by-mdas/

I hereby move the motion for the suspension of the poster from this forum for raising alarm over padded budget. A reference to senator Ningi

DMerciful:
Tinubu is pushing this joke too far! If he thinks he can blackmail the North with secession, he has got another think coming.

He'll be booted out in 2027 due to gross incompetence and disdain for the North. Let him keep putting Lagos boys everywhere.

Master strategist with no strategy!

you had 8 years of Buhari with chronic nepotism in favor of the north.
Cbn was pumping money into your agriculture while the borders were closed yet food became extremely expensive for Nigerians.
Nnpc was your ATM without locally refined oil but it was ok.
Now that all this narratives are changing in just less than a year, you are already crying foul

SoNature:
NLC should be realistic in their desire to get a raise. The minimum wage shouldn't exceed 100k. Do they know the number of workers this country pays salaries? Tinubu needs to shut down many MDAs that don't generate revenue for the government ASAP

Power ministry is trying to generate more revenue by increasing tariff, u complained. Wait for other MDAs to either generate or increase revenue and see whether you will continue to open your mouth waaaah like trash can

I hope the population on band A in Oyo State can secure you the governorship position in 2027.
The masses plunged into darkness will respond at the polling units

This Cardoso method is the best way to handle food market.
Nigeria is not a country you will allow market forces to determine the price of food.
Our people are very wicked just like the BDCs

This chicken hearted sheeple always swallowing back his own lamba at the slightest threat from a grasshopper

Cardozo, Edun, ribadu, wike and others responsible for blocking free money, properties and unqualified appointments are the reasons behind this.
We all know the region who had enjoyed this alone for many years and who is crying foul now

Kobojunkie:
According to the Gospels, Judas was anointed by Jesus Christ to go out there and preach the Gospel in See Mark 6:6; Matthew 10:5–10; and Luke 9:1. There is no report that Judas did not do as the other disciples did nor that the power that Jesus Christ anointed Judas Iscariot with failed. So, yes, Judas did it all as well.

2. Provide evidence? None of the 183,000 are even to this day able to heal the sick, raise the dead, and cast out demons 100% of the time like the apostles were able to as recorded in the Book of Acts. The light of Jesus Christ remains nowhere to be found even after 40 years of this man and his minions ruling over Nigeria. What more evidence do you need?

3. This logic of yours is what clearly constitutes rubbish reasoning!

You've not provided any specific instance where Judas performed any of what you said yet. just general collective passages. Be specific. We all read about the exploits of peter and Paul.
Quote the passage here for us to see

Likewise your conclusion about the 183k rccg pastors has no evidence that none ever healed the sick nor cast out demons.

You expect me to just believe you because you typed it?

It does not work that way.
Not all are dumb on social media to swallow poo just because you said it is food.

Kobojunkie:
Rubbish! At least when Judas was with Jesus Christ, he too did miracles— healed the sick, raised the dead, cast out demons— and preached with the other disciples. What work have the 183000 you excluded done to show themselves any better than Judas Iscariot was?

Really!!
Judas the treasurer did all you've just mentioned here?
Please kindly post any prove he did as said.

If you say the 183k are not better than Judas in rccg, then you should also provide evidence.
Don't just type rubbish here without evidence because operamini dash you 50mb

Look at how I remove 1 out of every 12 in 200,000 to get an approximate number of 17k. That is logic
That is how to argue facts not what u posted like a headless chicken

An average of about 17,000 Judas Iscariot are parading themselves as pastor in rccg every Sunday if the church has 200,000 pastors.

anonimi:
Are the farmers of the imported food also Nigerians?

What works are you doing to produce items for export to pay for the imported food

The farmers can be from India or Ghana for all I care. Nigerian farmers were given billions by CBN, they squandered it with nothing to show for it.
They should compete with their produce at the international market against their colleagues around the world and let us see first.

JONSYN7154:
they will soon import casava join too.

and beans

id4sho:
Most of our manufacturers are extortionist and our business men are thieves in disguise. The price of imported food cheaper than local defies common logic. It's crazy. Tinubu wants a good name by fire by force

Dangote remains the richest man in Africa for many years because of successive government's protection of his monopoly while the masses remain poor.
Tinubu is here to right the wrong

andy244:
You just deviated from the subject matter. And tou think NAFDAC will stop whatever FG decides to do abi?

Nafdac that can go to India and china where drugs are produced for Nigeria to ensure safety will allow food imported to be contaminated?

anonimi:
Why not work on making the supply excess locally rather than using unavailable dollars to import

Importers are also Nigerians too not only farmers.
The billions made by farmers from emefiele with nothing to show for it is what Cardoso should continue?

Megaflex:
Must all of us be farmers? The farms we have are terrorized by bandits. Abeg let them import biko so that price will crash. Enough of all this farm ur own food bullshit.

Thank you
The hunger is too much. Even garri is now beyond the reach of the poor.
I pray they can also import to bring back it price to normal.
Those farmers are already billionaires through emefiele.
Other Nigerians also deserve to breathe

HugoBoss10:
How can local farmers compete when they're being killed in their various farms across the country

So the whole country should die of hunger and inflation because the north cannot stop terrorism, banditory and kidnapping in the north?

Some powerful Few are benefiting from insecurity in the north but the vast majority of Nigerians cannot continue to starve as a result.

pocom16:
Dey play..

There is no scarcity of cement anywhere..they just increase price cuz they saw a chance

A member of NASS during a session in the house mentioned recently that Nigeria should enback on importation of cement to break the monopoly of dangote and rabiu.